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Articles Tagged with ''COVID-19''

Farmers’ 2020 Bottom Line Padded by Highest Federal Aid Ever

September 14, 2020 | Posted in Data & Trends

Overall, U.S. farmers are expected to end up in the black for 2020, largely due to government payments aimed at lessening the impact of the COVID-19 pandemic. According to USDA economists, net farm income (NFI) is forecast to increase $18.3 billion (up 21.7%) from 2019 to nearly $103 billion in the current cropping year.

Minneapolis Fed: Government Aid, Low Interest Rates Reduce Farmer Stress

September 4, 2020 | Posted in Data & Trends

Despite years of persistently low commodity prices and the COVID-19 pandemic, the mood of some Ninth District agricultural bankers is surprisingly upbeat, according to a recent Federal Reserve Bank of Minneapolis survey.

Ag Commodities Facing Short to Mid-Term Challenges

August 19, 2020 | Posted in Commodities

In its summer edition of The Feed, Farmer Mac, the largest secondary market for U.S. agricultural credit, provides a look at the current state of ag commodities and possibilities of where they’re heading to in the short and mid-term.

Indian Tractor Manufacturers Report Sales Growth in July

August 17, 2020 | Posted in Equipment & Equipment Sales

Mahindra, Escorts and Sonalika all reported tractor sales up in the previous month, according to reports from ETAuto.

Changing Conditions of Farm Bankruptcies

August 17, 2020 | Posted in Data & Trends

A continued lower price environment, uncooperative weather events over the past year, trade uncertainty and COVID-19 have all contributed to depressed net cash farm income levels and placed upward pressure on farm bankruptcies.

Kuhn’s 1H20 Revenues Decline 14%

August 15, 2020 | Posted in Earnings Reports

Kuhn Group’s order intake was a bright spot in a period when the COVID-19 pandemic created production, distribution and sales challenges that caused a dip in revenues relative to 2019.

Kubota Reports Revenue Down 8.9% in 1H20; Ag Sales Down 8.5%

August 15, 2020 | Posted in Earnings Reports

During the first half of 2020, Kubota’s revenues and profits both dropped. The company cited negative impact from the ongoing COVID-19 pandemic.

Deutz Reports 1H20 Revenue Down 33.3%

August 12, 2020 | Posted in Earnings Reports

The Deutz engines business was already feeling the impact of the coronavirus pandemic in the first quarter of 2020 and, as the year progressed, all areas of the Company’s business were noticeably affected, as expected, in terms of both activities and performance.

European Dealer Sentiment Back to Pre-COVID-19 Level

August 11, 2020 | Posted in Data & Trends

The general Business Climate Index for the Agricultural Machinery Industry in Europe has continued to improve, and thus has completely reached the pre-COVID-19 level, which however was already negative. Now, in August 2020, the index is at –6 points (on a scale of –100 to +100).

YTO Group Announces Closure of French Factory, Lays Off Remaining Employees

August 7, 2020 | Posted in Ag Equipment Worldwide

According to a report from Info France 3 Champagne-Ardenne, the producer of agricultural transmissions has decided to close its factory in Saint-Dizier and lay off the remaining 35 employees.

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AGCO Aims for $2 Billion in Precision Ag Business by 2029

In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at AGCO’s plans for its precision business and its 2029 targets. In the Technology Corner, Noah Newman talks with Eis Implement’s precision team. Also in this episode, the interest savings dealers could see with the latest rate cut by the Fed and a look at the used 100+ horsepower tractor market.

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